The University of Cambridge contemplates selling bonds
in order to finance major building projects, including renovation of the New Museums Site. (That's where my department is...and boy oh boy does it need help
. It's old
in there, "old" in a bad way. About the only interior architectural asset worth mentioning is the Eastlake style banisters. Plus, rumor has it that hanging out there too long might be bad for your health...particularly if you're a woman currently or someday hoping to become pregnant. Old Cavendish Laboratory? 'Nuff said.)
But would you
lend them money? Bear in mind, of course, that Cambridge is not, despite the comparisons with the Ivy League, nearly as monied. It probably compares better to UC Berkeley than to Yale that way. How do they propose to honor their debts, anyway? Naming rights to every room in the UL? It's not like they can just sell off the King's College Chapel or something.
One of my alma mater's most, uhh, audible and intrusive fundraising strategies (at least of the sort directed at impoverished women like myself) is to recruit current students to cold-call alumnae. There is, needless to say, little more guilt-inducing than an untrained young person's voice on the phone begging for money. For reasons I don't recall, I told my supervisor about this. His expression at the time flickered: "Huh, that's a good idea..." Urk. I hope he forgets all~ about it.